$0.42 Earnings Per Share Expected for Victory Capital Holdings Inc (VCTR) This Quarter

Equities research analysts predict that Victory Capital Holdings Inc (NASDAQ:VCTR) will post $0.42 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Victory Capital’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.44. Victory Capital posted earnings per share of $0.41 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The business is expected to issue its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Victory Capital will report full year earnings of $2.34 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.62. For the next financial year, analysts anticipate that the company will report earnings of $3.64 per share, with EPS estimates ranging from $3.35 to $3.98. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Victory Capital.

A number of equities analysts recently issued reports on VCTR shares. Zacks Investment Research lowered shares of Victory Capital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 30th. Morgan Stanley set a $15.00 target price on shares of Victory Capital and gave the company a “buy” rating in a research report on Friday, February 8th. ValuEngine upgraded shares of Victory Capital from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Sandler O’Neill reiterated a “buy” rating on shares of Victory Capital in a research report on Friday, March 15th. Finally, B. Riley started coverage on shares of Victory Capital in a research report on Wednesday, March 27th. They issued a “buy” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.94.

Hedge funds and other institutional investors have recently modified their holdings of the business. RMB Capital Management LLC boosted its position in shares of Victory Capital by 19.7% in the first quarter. RMB Capital Management LLC now owns 770,220 shares of the company’s stock valued at $11,569,000 after acquiring an additional 126,853 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Victory Capital by 26.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 353,933 shares of the company’s stock valued at $5,316,000 after acquiring an additional 73,490 shares during the period. SEI Investments Co bought a new stake in shares of Victory Capital in the first quarter valued at approximately $582,000. Oxford Asset Management LLP boosted its position in shares of Victory Capital by 0.4% in the first quarter. Oxford Asset Management LLP now owns 155,562 shares of the company’s stock valued at $2,337,000 after acquiring an additional 635 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Victory Capital by 11.2% in the first quarter. Renaissance Technologies LLC now owns 355,711 shares of the company’s stock valued at $5,343,000 after acquiring an additional 35,711 shares during the period. 13.90% of the stock is owned by institutional investors.

VCTR traded up $0.77 on Friday, reaching $17.01. The company had a trading volume of 1,520 shares, compared to its average volume of 97,179. The firm has a market capitalization of $1.04 billion, a PE ratio of 11.74 and a beta of 2.03. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.59. Victory Capital has a one year low of $7.27 and a one year high of $17.00.

About Victory Capital

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an independent investment management company in the United States. It offers investment advisory, fund administration, and distribution services through broker-dealers, retirement platforms, and registered investment advisor networks.

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Earnings History and Estimates for Victory Capital (NASDAQ:VCTR)

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